Winnebago Industries, Inc. to Post Q2 2018 Earnings of $0.61 Per Share, Griffin Securities Forecasts (WGO)
Winnebago Industries, Inc. (NYSE:WGO) – Equities research analysts at Griffin Securities reduced their Q2 2018 earnings estimates for shares of Winnebago Industries in a research report issued on Wednesday. Griffin Securities analyst M. Ajzenman now forecasts that the construction company will earn $0.61 per share for the quarter, down from their prior forecast of $0.64.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue was up 83.4% compared to the same quarter last year.
Other equities analysts have also issued reports about the company. ValuEngine lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a report on Thursday, September 28th. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, December 19th. Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and raised their target price for the company from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and set a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $52.17.
Winnebago Industries (WGO) traded up $0.15 during midday trading on Monday, reaching $56.45. The company’s stock had a trading volume of 402,700 shares, compared to its average volume of 519,403. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1,786.99, a price-to-earnings ratio of 23.04 and a beta of 2.06.
Winnebago Industries announced that its board has authorized a share repurchase program on Thursday, October 19th that permits the company to buyback $70.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s dividend payout ratio is currently 16.33%.
Several large investors have recently modified their holdings of WGO. Virginia Retirement Systems ET AL grew its position in Winnebago Industries by 20.6% during the second quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock worth $1,827,000 after buying an additional 8,900 shares in the last quarter. Bank of New York Mellon Corp grew its position in Winnebago Industries by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock worth $31,679,000 after buying an additional 10,975 shares in the last quarter. Swiss National Bank grew its position in Winnebago Industries by 6.6% during the second quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock worth $1,708,000 after buying an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in Winnebago Industries by 57.8% during the second quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock worth $1,307,000 after buying an additional 13,675 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Winnebago Industries by 476.6% during the third quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock worth $1,643,000 after buying an additional 30,362 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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